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but still concerns about the fiscal cliff, we have concerns still coming up. >> and there is the opening bell, we will say good morning, i am dave clark. >> time now 6:30. in just a couple of hours, a man accused of killing sierra lemar will be back in court. ktvu channel 2 morning news' jeanine della vega is in san jose to tell us about separate charges antolin garcia-torres is now facing. >> reporter: antolin garcia- torres is being housed at the county jail and in a few hours he will be escorted to the courthouse where he will be expected to enter a plea in the sierra lemar case. he will be arraigned in a separate case involving three other women. he was charged with three attempted kidnapping charges which stemmed from 2009. he is accused of kidnapping three women. he was 17 years old at that time but is charged as an adult. he was arrested for the missing teen sierra lemar. authorities say her dna was found in his car and his dna was found on her clothing and that's what helped to link him to the attacks. garcia torez's plea hearings will start this afternoon. jean mean della vega k
but still concerns about the fiscal cliff, we have concerns still coming up. >> and there is the opening bell, we will say good morning, i am dave clark. >> time now 6:30. in just a couple of hours, a man accused of killing sierra lemar will be back in court. ktvu channel 2 morning news' jeanine della vega is in san jose to tell us about separate charges antolin garcia-torres is now facing. >> reporter: antolin garcia- torres is being housed at the county jail and in a few...
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. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>> there is no plan to change a controversial practice of changing votes after a practice passes or fails. about half of those sworn in last week are new to the job. during the past session, aseem belie members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill but it disallow lawmakers to
. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the...
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cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from portland where it all happened, good morning, dan. >> reporter: yes, good morning, pam and dave, what a horrible scene this was yesterday. 3:30 in the afternoon, exactly two weeks before christmas, this mall was teeming with shoppers and as many as 10,000 people were inside at the time when shots started ringing out. we understand from eyewitnesses a gunman walked through the macy's store of this maul and then -- mall and then walked to the food court and then fired shots and 5 to 18 more as he shot indiscriminately down the mall area here. we understand two people were killed, a third person was shot, she was wounded, a 15- year-old was taken to a local hospital and the good news is that 15-year-old girl is expected to survive and is listed in serious condition -- serious cond
cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from portland where it all happened, good morning, dan. >> reporter: yes, good morning, pam and dave, what a horrible scene this was yesterday. 3:30 in the afternoon,...
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. >>> where you live could affect how you are affected by the fiscal cliff. we'll tell you which states will be the worst off. >>> right now the dow is down 12 points. new jobless numbers out this morning. we go live to ja >>> welcome back. today almost as cool as yesterday without the rain a lot of sunshine today from 52 to 56°. below average. wet weather maker from yesterday down in l.a. now san diego snow around the grapevine sue was telling me police are escorting folks through there but you do not need chains. once the sun comes up it will all turn out to rain. snow showers tahoe today, yosemite 30 and 42 rain will move into san diego and palm springs by the afternoon. >>> let's check in with josh elliot for what is coming up on "good morning america" at 7:00. >>> good thursday morning many new details on the bizarre and unfolding saga of software mogul john mcafee. landed in miami yesterday, been on the run for a month. still wanted for questioning in belize this morning he spoke with abc news we have it for you next. >>> right now new this morning off
. >>> where you live could affect how you are affected by the fiscal cliff. we'll tell you which states will be the worst off. >>> right now the dow is down 12 points. new jobless numbers out this morning. we go live to ja >>> welcome back. today almost as cool as yesterday without the rain a lot of sunshine today from 52 to 56°. below average. wet weather maker from yesterday down in l.a. now san diego snow around the grapevine sue was telling me police are...
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despite some signs of a compromise, the white house says it is ready to go over the fiscal cliff. >>> lighting up legally. this morning a law permitting recreational marijuana use goes into effect in washington state. >>> and royal ruse. australia's shock jocks pose at the duchess of cambridge to the hospital. >> when can you come down to take her? maybe in the morning or something. if that's okay. . this is the cbs morps news for . this is the cbs morps news for december 6, 2012. captioning funded by cbs >>> good morning, everybody. i'm terrell brown. stunning. that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely.
despite some signs of a compromise, the white house says it is ready to go over the fiscal cliff. >>> lighting up legally. this morning a law permitting recreational marijuana use goes into effect in washington state. >>> and royal ruse. australia's shock jocks pose at the duchess of cambridge to the hospital. >> when can you come down to take her? maybe in the morning or something. if that's okay. . this is the cbs morps news for . this is the cbs morps news for...
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. >>> plus locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting through the weekend. hopefully that brings a smile to your face. tgif to you. we're off to a chilly start this morning. mostly sunny skies for the afternoon. temperatures running warm for december and it will be a trend we see for your weekend. i'll have details on this coming up in a moment. good morning, tara. >>> good morning, rosemary. here's a look at traffic through 880. the headlights are southbound as you make your way toward the hayward area. up next we have a look at the east shore freeway. the headlights you see are folks heading westbound on to the mccarthur maze and to th
. >>> plus locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting...
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being overshadowed by the "fiscal cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week average down to 381,000, still an effect from sandy affecting that number. as far as retail sales go in november, we saw a pretty decent gain up 3/10ths of a percent after a similar loss the month before. better when you strip out falling gas prices. sales were up 8/10ths of a percent. wholesale side inflation fell faster than expected last month. >>> google has come back to apple as far as maps go. apple having all sorts of problems with its map that replaced google maps a few months ago led to an apology from the ceo tim cook the firing of a long-time direction and lots of bad directions. so apple will br
being overshadowed by the "fiscal cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week average down to 381,000, still an effect from sandy...
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. >>> in washington this morning, just 26 days left before the fiscal cliff deadline. president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a middle-class family to make the self-evident point if the there is a deal and taxes are raised by about $2,000 they'll be happier and spend more money. that's the p.r. side of this. much more importantly, for the deal, the two key players yesterday picked up the phone. the phone call relatively brief and substantive, though details remain illusive. shorter, sources say. the last week 28-minute conversation described then as curt, direct and frank. no one with this call used such barbed words and occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> if the a
. >>> in washington this morning, just 26 days left before the fiscal cliff deadline. president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a...
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take a listen. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you your answer where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> brian, also we saw the president talking to ceos at a business roundtable event earlier today. the president really reaching out to that group. he worked the room, shaking hands of almost everybody in that room. clearly the ceos and the business community are the linchpin to a deal here. both sides, democrats an republicans, reaching out for their support. take a listen to the president just a little while ago. >> i am passionately rooting for your success, because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to com
take a listen. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you your answer where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> brian, also we saw the president talking to ceos at a business roundtable event earlier today. the president really...
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cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fac
cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand...
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that's what they hear after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. on top earners. a just released poll shows nearly half of those ads say it's time to end tax cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks coul
that's what they hear after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. on top earners. a just released poll shows nearly half of those ads say it's time to end tax cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes. >> is the...
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fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the government calls people up and they say i'm not working or i've dropped out of the labor market or whatever, you can see just how big the labor market is. we know that there are some, i think, 300,000 some people who have dropped out of the labor market. they've either dropped out. they could
fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you...
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. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is your commute to school now? >> it feels like two hours. >> reporter: what did it used to be? >> 15 minutes. >> reporter: wow. 6:30 a.m. and at the door. a long car ride. >> have a good day. >> a bus to the temporary school. ps-13. >> unreal now how much life has changed. trying to make the best of it. >> reporter: he's an eighth grade honor student. one of 5,400 new york students sti
. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new...
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fiscal cliff concerns. >> we'll be hearing that until it's fixed. the november jobs report is released at 8:30 a.m. eastern today. economists forecast 8% unemployment, ticking up from 7.9% in october. 77,000 jobs added which is a lot slower growth than was anticipated. you have to go back to the summer to see growth that small. it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good performance for the month. this simpreis impressive given uncertainty created by the presidential election and the fast-approaching fiscal cliff. except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>
fiscal cliff concerns. >> we'll be hearing that until it's fixed. the november jobs report is released at 8:30 a.m. eastern today. economists forecast 8% unemployment, ticking up from 7.9% in october. 77,000 jobs added which is a lot slower growth than was anticipated. you have to go back to the summer to see growth that small. it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the...
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. >> matthew chance for us this morning in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> r
. >> matthew chance for us this morning in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support...
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. >>> in washington this morning, there are just 26 days left before the fiscal cliff deadline. president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, gd morning. >> reporter: good morning, charlie and norah. the president will cross over the potomac into northern virginia to meet with a family who says their taxes don't go up, they'll be happier and spend more money. that's the pr side of this. much more important, the context of the deal, keet players yesterday picked up the phone. phone call relatively brief and substantive. details remain elusive. it was shorter, sources say, to last week's 28-minute conversation described them as curt, direct and frank. no one familiar with this call used such barbed words. it also occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no
. >>> in washington this morning, there are just 26 days left before the fiscal cliff deadline. president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, gd morning. >> reporter: good morning, charlie and norah. the president will cross over the potomac into northern virginia to meet with a family who says...
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oh, my goodness. >>> let's continue to talk about the fiscal cliff this morning because negotiations we know are stalled, and there's a new poll from nbc news, "the wall street journal" 67% of americans said they would accept a compromise on one or both of the biggest sticking points, increased taxes, cuts in spending. public leaders say government overspending is the root of our problems. our next guest says a collaboration between government and private industry would move the nation forward. "doing capitalism in the innovation economy" ranked among 2012's best books by the financial times. people talk about an innovation economy. what does that mean? >> i mean the processes by which through trial and error we discover new technologies, research is alied, and then the stuff that really matters is built out into the kind of networks from the canals to the railroads to the highway system, the electricity grid and the internet that transform the market economy and then finally there's a process again, trial and error, of exploring what this new stuff is good for. the point is that thi
oh, my goodness. >>> let's continue to talk about the fiscal cliff this morning because negotiations we know are stalled, and there's a new poll from nbc news, "the wall street journal" 67% of americans said they would accept a compromise on one or both of the biggest sticking points, increased taxes, cuts in spending. public leaders say government overspending is the root of our problems. our next guest says a collaboration between government and private industry would move...
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we'll get to the discouraging situation on the fiscal cliff in just a moment. we do have each a verbable this morning. >> not yet. >> going to wait for it. very high tech. >> so high tech. working on this prop all day. all morning. >> weeks of planning. >>> we also have a major development in the case of software mogul john mcafee arrested last night. this morning police are taking more action after he tried to seek asylum in guatemala. a strange story gets even stranger. again he is now under arrest. >> bizarre to the nth degree there. >> yeah. >>> also this morning -- weeding through all the details on washington state's new law. [ coughing ] taking effect this morning. get it? that legalizes recreational marijuana use. i need you to cough please. [ coughing ] where can you light up? where can you not? >> yeah. all details. we don't want to leave you high and dry on the story. all the details on that. coming up. whew, man, willis put it down. >>> later this half-hour, rihanna sings a new career tune. if you are a fan you may be soon seeing much more of her. w
we'll get to the discouraging situation on the fiscal cliff in just a moment. we do have each a verbable this morning. >> not yet. >> going to wait for it. very high tech. >> so high tech. working on this prop all day. all morning. >> weeks of planning. >>> we also have a major development in the case of software mogul john mcafee arrested last night. this morning police are taking more action after he tried to seek asylum in guatemala. a strange story gets even...
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on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best med
on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's...
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certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and defense secretary leon panetta have warned president bashar al assad that using chemical weapons crosses the red line. >> the world is watching. the use of chemical weapons is and would be totally unacceptable. >> so the question is what would that action look like? cnn pentagon correspondent barbara starr has a look. >> reporter: randi, for defense secretary leon panetta, the major priority now is to try to determine syria's intent. does it intend to use chemical weapons? with the u.s. now believing the syrian government has chemical weapon-filled bombs, cnn has learned the pentagon is secretl
certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and...
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. ,,,, ,,,,,,,,,,,, morning as investors keep a close eye on fiscal cliff t in washington. here's a look at the big >>> welcome back. stocks were struggling this morning as investors keep a close eye on that "fiscal cliff" talks in washington. we in they're having trouble. and so is wall street. the numbers are down in a big way down almost 100 points right now. down but despite the government reports that retail sales are actually up and unemployment claims dropped last week. they need fix that "fiscal cliff" though. >>> this week's jefferson award winner was inspired by her own aunt's experience to create something better for people with developmental disabilities. as kate kelly reports, she is expanding the world for her clients in the name of a stronger community for everyone. >> i put things away. i fold. i say hi to customers. they talk to me and they hug me and see me smile. >> reporter: 39-year-old robin sloan has been working at banana republic in corte madera for 15 years thanks to a program called pacific diversified services, or pds. >> our mission is to help pe
. ,,,, ,,,,,,,,,,,, morning as investors keep a close eye on fiscal cliff t in washington. here's a look at the big >>> welcome back. stocks were struggling this morning as investors keep a close eye on that "fiscal cliff" talks in washington. we in they're having trouble. and so is wall street. the numbers are down in a big way down almost 100 points right now. down but despite the government reports that retail sales are actually up and unemployment claims dropped last...
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norah o'donnell is off. >>> talks to avoid the fiscal cliff are off. they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if there is no fiscal cliff deal. dealing with those cuts might force some action. that's going to be necessary. the stalemate right now is genuine. president obama wants republicans to commit publicly to raising income tax rates on the top 2% of households. republicans want the president to commit to spending cuts. then they'll talk about raising taxes next year in the context of tax reform but neither side trusts each other's motives or willingness to cut a deal. that lack of trust as well as a lack of s
norah o'donnell is off. >>> talks to avoid the fiscal cliff are off. they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office...
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$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morni
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up...
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cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in at the end of this month. if there's no deal on those, the pentagon was initially told not to plan for the cuts. that's all changed. in the last 24 hours, the pentagon leaders say they are preparing to slice about 10% of the budget. if we go over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets resol
cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in...
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we are back and forth on how to avert the fiscal cliff. it is just 22 days before the deadline and president obama says he is willing to cut entitlements and speaker john boehner is showing signs of not ruling out a tax hike for top earners. >> and muni is contemplating restructuring its fare structure based on income. a study on the issue is being conducted due to riders' mixed feelings about it. >>> and weather. lots of sunshine? >> yes. we have temperatures mostly in the mid 60s. 64 at concord. 62 at fairfield. here in the city 64 degrees an san jose should see 64. the next chance of rain wednesday. in the meantime, sunshine. >> okay. let's do another season story. >>> the season of giving continues at the san francisco bar pilots team one firefighters again this year. >> yes. they are all acting like elfs. the pilots became santa's own workshop. they assembled 130 bikes for children donated to the fire department toys for children program. they also contribute toys for families in need. very cool! thank you for joining us this morning
we are back and forth on how to avert the fiscal cliff. it is just 22 days before the deadline and president obama says he is willing to cut entitlements and speaker john boehner is showing signs of not ruling out a tax hike for top earners. >> and muni is contemplating restructuring its fare structure based on income. a study on the issue is being conducted due to riders' mixed feelings about it. >>> and weather. lots of sunshine? >> yes. we have temperatures mostly in the...
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the fiscal cliff negotiations. bohn erspoke last night with the president -- boehner spoke last night with the president. >>> 8:48. the owner of a monkey found wounderring in an ikea parking lot in canada is fighting to get her pet back. she says she could be open to allowing the monkey to stay at a sanctuary if it is being treated well but she said she knows the monkey wants to be with her. >> no matter what anybody else says, i know --fy walk into the room, let him -- if i walk into the room, let him choose. >>> police were called too a toronto ikea -- called to a tron co ikea store -- tron co ikea store -- toronto ikea store. pictures of this went viral on social media. >>> the crab won'ts were tied up -- boats were tied up at the boats were weeks after wholesalers dropped their price for fresh crab. before thanksgiving, brokers were paying $3 a pound. but after the holiday, they say demand fell so they lowered the price pie as much as 50 cents. the -- by as much as 50 cents. some of the captains out there expec
the fiscal cliff negotiations. bohn erspoke last night with the president -- boehner spoke last night with the president. >>> 8:48. the owner of a monkey found wounderring in an ikea parking lot in canada is fighting to get her pet back. she says she could be open to allowing the monkey to stay at a sanctuary if it is being treated well but she said she knows the monkey wants to be with her. >> no matter what anybody else says, i know --fy walk into the room, let him -- if i walk...
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get to the fiscal cliff? we know that there's this red line that hillary clinton has talked about. but nbc news has reported that syria is loading chemical weapon components on to bombs, which could -- makes us think, well, what's the next step? to what degree does this mean military action for the united states? >> couple of things, the nbc report is unconfirmed. the other piece of news is that the secretary is expected to meet with the russian foreign minister in dublin, i believe, and talk specifically about getting the okay to put in place economic sanctions that would cripple the syrian government, should they continue down this path. just like a nuclear iran, nobody is going to sit by in the international community and say it's okay for the assad regime to use sarin gas on its own civilian. >> we'll watch to see what comes out of that meeting in dublin. the foek phone call between the speaker and the president, the headline of the meeting is sort of a sad thing. are you hearing of anything that has come
get to the fiscal cliff? we know that there's this red line that hillary clinton has talked about. but nbc news has reported that syria is loading chemical weapon components on to bombs, which could -- makes us think, well, what's the next step? to what degree does this mean military action for the united states? >> couple of things, the nbc report is unconfirmed. the other piece of news is that the secretary is expected to meet with the russian foreign minister in dublin, i believe, and...
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obama and house speaker boehner met on sunday to discuss the fiscal cliff. but are they closer to a deal. jeff emmel will tell us why this needs to be solved now. >>> and we'll hear from senator joe mansion when we see you at 7. >> thank you charlie. >>> a heavy storm is pummeling the upper midwest. 16 inches of snow dumped on the twin cities in minnesota. crews hit the vikings metro dome are crapping up the late to -- cranking up the heat to melt the snow. you may remember the roof collapsed a couple years ago. flights have been canceled out of the minneapolis airport. if you're headed that way, it's a bit of a mess right now. >>> we're looking at this video. but outside right here, it almost makes you feel a little bit guilty. >> not even a little. we're seeing almost record highs today. temperatures are definitely going to be on the mild side. we're going to see plenty of sunshine. it is a different story in many parts of the country. sunny sides, coast bay and inland with temperatures in the mid- to upper 60s. why all the mild weather, because of the rid
obama and house speaker boehner met on sunday to discuss the fiscal cliff. but are they closer to a deal. jeff emmel will tell us why this needs to be solved now. >>> and we'll hear from senator joe mansion when we see you at 7. >> thank you charlie. >>> a heavy storm is pummeling the upper midwest. 16 inches of snow dumped on the twin cities in minnesota. crews hit the vikings metro dome are crapping up the late to -- cranking up the heat to melt the snow. you may...
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the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. th
the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for...
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begin this half hour with latest on efforts to avoid the fiscal cliff. the plan being put forward is now coming under fire from within his own party. president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in deficit reduction including $1.2 trillion in spending cuts. and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is n
begin this half hour with latest on efforts to avoid the fiscal cliff. the plan being put forward is now coming under fire from within his own party. president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a...
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house republicans for blocking a bill to resolve the fiscal cliff crisis. as we move closer to a year end deadline where huge tax increases kick in and tax cuts kick in, they have not compromised to help reduce the deficit. latest senate version would prevent a tax height on the first $250,000 of earning. >> the americans will get a cut on the first $250,000 of their income and families everywhere would enjoy peace of find. the senate has done their part. we are waiting for republicans in the house to do the same thing but so far they have put forward an unbalanced plan that actually lowers rates for the wealthiest americans. >> republican florida senator marco rubio said tax increases will not reduce the nation's $16 trillion debt. >>> officials for the proposed sonoma rail transit project or smart train are looking to get $16.6 million in federal fund to go buy more train cars. today the press democrat reports money otherwise would be used for local pedestrian and bicycle paths. it is committed to go to cloversdale and larkspur but beyond that more rail c
house republicans for blocking a bill to resolve the fiscal cliff crisis. as we move closer to a year end deadline where huge tax increases kick in and tax cuts kick in, they have not compromised to help reduce the deficit. latest senate version would prevent a tax height on the first $250,000 of earning. >> the americans will get a cut on the first $250,000 of their income and families everywhere would enjoy peace of find. the senate has done their part. we are waiting for republicans in...
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there's no indication the five-was suspicious. >> falling off the fiscal cliff and what it could mean for your money and what you eat. >> and gearing up for the biggest day of the year. what's ahead if you're expecting a package this week. >> i'm meteorologist sandy patel. to record high temperatures today bu >> fans going to the 49ers today got a chance to make a child's christmas the best ever. members of operation dream called out for donated toysle the dry drive is partnered by the 49ers and the san francisco police department. even a small gift makes all the difference. >> kids need to know that people care about them. they need to know it's so much bigger than where they live. there's a whole world out there that they get to experience, and so when they know that people care about them, they start to go, oh, there's more to life. >> the gifts will be distributed throughout the city to children in public housing. >>> tomorrow might be just the second monday in december but it's suggested to be a record day for shipping by fedex, fedex expects to ship 19 million packages tomorrow
there's no indication the five-was suspicious. >> falling off the fiscal cliff and what it could mean for your money and what you eat. >> and gearing up for the biggest day of the year. what's ahead if you're expecting a package this week. >> i'm meteorologist sandy patel. to record high temperatures today bu >> fans going to the 49ers today got a chance to make a child's christmas the best ever. members of operation dream called out for donated toysle the dry drive is...
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now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from washington. and from one capital to another, the political uproar in egypt. how cairo police are taking action as thousand of protesters hit streets in outrage. an all-too-familiar scene. >> most protesters say it seems like they traded one dictator for another. >> for another. >>> hard to believe it is. they're part of a growing group of so-called preppers getting ready, as you can see, for the very, very worst. normal e
now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good...
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no deal appears to be in sight in washington on the fiscal cliff. what's and a logo? a new logo that is sparking outrage. we will be back with a bit more in just a couple of minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect.
no deal appears to be in sight in washington on the fiscal cliff. what's and a logo? a new logo that is sparking outrage. we will be back with a bit more in just a couple of minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an...
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a woman bound and gagged and sampras's coach street. >> talks continue as a lemon fiscal cliff approaches. we'll have details on the president's private meeting with house speaker john bay near coming up. >> clear conditions as you head out of the door, not really any fog to talk about. of the door expect 30's and 40's in mid to upper 60s later this afternoon. looking ahead we have some big changes to talk about in the form of wet weather. before we get their let's talk about conditions now. 39 in santa rosa up 39 out the door in fairfield. a look at your afternoon highs and walking through future cast four and my next report. >> a live look at traffic headed to san francisco. we hardly had a back up at the bay bridge toll plaza, now it is stretching almost towards the end of the parking lot thanks to three separate stalls. one of the incline one that the cancer we recession in one of the span. they're all out of the way but there is heavier traffic into san francisco. give yourself extra time as you head into san francisco. the bid is as the lights are still off. no major hot spots. majo
a woman bound and gagged and sampras's coach street. >> talks continue as a lemon fiscal cliff approaches. we'll have details on the president's private meeting with house speaker john bay near coming up. >> clear conditions as you head out of the door, not really any fog to talk about. of the door expect 30's and 40's in mid to upper 60s later this afternoon. looking ahead we have some big changes to talk about in the form of wet weather. before we get their let's talk about...
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. >> talks are continuing as the fiscal cliff approaches. did tell on the president's private meeting with house speaker john boehner. was to be another gorgeous day. >> good morning and the gorgeous day we are talking mid to upper 60s. it will be short-lived. tickets will be cooler into tomorrow. temperatures mainly in the 40's. we could see forties' as we approach sunrise. later today mainly sunny skies a clear day for everyone. later tonight we will stick with the clear conditions we do have changes to talk about in the form of wet weather. what to expect coming up in my next report. >> here is a live look from the bay bridge toll plaza we do have a spa reported west mounted the pay date is not showing up in a live shot. it is not calling a back up. traffic moving well is as ever to go out oakland. weston 10 minutes for a total dry time. east bay traffic light no problem on the peninsula. will check on traffic coming up in just a bit. >> thank you robyn. >> and developing story we're following the man was dead. he and norman were found bo
. >> talks are continuing as the fiscal cliff approaches. did tell on the president's private meeting with house speaker john boehner. was to be another gorgeous day. >> good morning and the gorgeous day we are talking mid to upper 60s. it will be short-lived. tickets will be cooler into tomorrow. temperatures mainly in the 40's. we could see forties' as we approach sunrise. later today mainly sunny skies a clear day for everyone. later tonight we will stick with the clear...
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afternoon when there was progress on the fiscal cliff. if you didn't get through the mayan -- >> and toys "r" us would then stay open all night. >> no one really thinks something's going to happen, do they, on the 21st? >> i don't know. sfl i don't know. there might be viewers out there. >> i think we're going to make it i want to hear it from you. >> so we can fall off the cliff. >> exactly. >> the fed's linking interest rates to unemployment rates are going to stay where they are right now which is close to zero until at the very least the jobless rate falls to 6.5%. and as expected the central bank ramps up its asset purchases. sooner or later this is going to be real money. adding $45 billion to the 40 billion it's already spending per month purchasing securities. it is said to increase the balance sheet by a trillion dollars over the next year. and you can,know, if it goes all the way to when they think it will go to get to 6.5. just add a trillion dollars a year. joining us now neel kashkari head of global inquiries at pimco. the fi
afternoon when there was progress on the fiscal cliff. if you didn't get through the mayan -- >> and toys "r" us would then stay open all night. >> no one really thinks something's going to happen, do they, on the 21st? >> i don't know. sfl i don't know. there might be viewers out there. >> i think we're going to make it i want to hear it from you. >> so we can fall off the cliff. >> exactly. >> the fed's linking interest rates to unemployment...
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white house and the gop continue as the fiscal cliff is three weeks away. >> that was in a quick update on weather and traffic will begin with your forecast we have rain on the horizon erica. >> good morning james barrett we do have rain on the way not too much moisture a lot of locally dense fog as you head out the door. temperatures in the '40's and '30's later this afternoon. we will see an increase in cloud cover and later tonight rain likely in the north bay. santa rosa visibility down to 0 1/4 of a model for novato. most of the north bay not to bad for the san francisco bay. again, rain on the horizon i will have full details on what to expect with you to cast four in my next report the morning robyn. >> good morning so far so good light traffic around the bay area no hot spots or major problems. the golden gate so far is nice and slow in both directions of 101. a 22 minute drive time between novato and downtowns have to go. the bay area during his final major accidents to problems. i'll have your full traffic check coming up in a bit. >> the time is 5:00 a.m.. the cost of constac
white house and the gop continue as the fiscal cliff is three weeks away. >> that was in a quick update on weather and traffic will begin with your forecast we have rain on the horizon erica. >> good morning james barrett we do have rain on the way not too much moisture a lot of locally dense fog as you head out the door. temperatures in the '40's and '30's later this afternoon. we will see an increase in cloud cover and later tonight rain likely in the north bay. santa rosa...
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and in just about 15 minutes, democrats will be speaking out about the fiscal cliff saying medicaid should not be subject to cuts. in the past 48 hours since president obama and john boehner met face to face, no details on the discussions have -- have been released. the president said he's willing to compromise but maintains his stance on tax increases for the wealthy. >> we ask the wealthiest americans to pay 2%. i won't comhe promice on -- compromise on that >> reporter: and then an official came on tv and said they could save money by making tax cuts to the food stamp program. >>> aig is selling off most of its profit and the government will end up with a profit of $22 billion, to many people's surprise. aig was rescued in 2008 just before it had to file for bankruptcy. now aig executives say the company may be able to pay a dividends to the shareholders by next summer. >>> we're learning about an up expected new fee that's part of the reforms. it's a temporary $63 per person fee designed to help pay for people with preexisting conditions. it will hit health plans affecting 9 0 million
and in just about 15 minutes, democrats will be speaking out about the fiscal cliff saying medicaid should not be subject to cuts. in the past 48 hours since president obama and john boehner met face to face, no details on the discussions have -- have been released. the president said he's willing to compromise but maintains his stance on tax increases for the wealthy. >> we ask the wealthiest americans to pay 2%. i won't comhe promice on -- compromise on that >> reporter: and then...
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. ♪ once in the opening bell on wall street investors seem to be ignoring the fiscal cliff that is coming out in concentrating on the federal reserve. the fed is wrapping up a two day policy meeting and expected to make an announcement of what they plan to do at 930 this morning. the fed will keep pumping $95 billion a month into the u.s. economy and buying treasury and mortgage-backed securities. we have the dow 79 points yesterday and right now the future is up 15 at the opening bell. >> the highest tide of the year is going to hit sampras's go bay and nearby beaches this week. it is called the king tied. we would turn you into jackie sissel who joins us live from pacifica. any site yet? >> it is coming. (laughter) at 945 this morning is when we will see it. it is not just today, for the next three days. we was seeking tide that has to deal with the sun and moon and the gravitational pull. we have extremely high tide to cross the bay area for the next couple of days. low-lying areas, you'll see a lot of the coastal flooding. here at the pacific appear we can see the waves almost hit the
. ♪ once in the opening bell on wall street investors seem to be ignoring the fiscal cliff that is coming out in concentrating on the federal reserve. the fed is wrapping up a two day policy meeting and expected to make an announcement of what they plan to do at 930 this morning. the fed will keep pumping $95 billion a month into the u.s. economy and buying treasury and mortgage-backed securities. we have the dow 79 points yesterday and right now the future is up 15 at the opening bell....
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let's take a look at this morning's top stories. >> more back and forth on how to avert that fiscal cliff. we are just 22 days before the deadline. president obama says he is willing to cut some entitlements and speaker john boehner is not ruling out a tax hike for top earners. >>> and muni is contemplating changing their fare to be based on a person's income. the bay area lead transit body is conducting a study on the issue due to riders' mixed feelings. >>> and "face the nation" is coming up next on cbs 5. for us, we move over to the cw, where salmon have suddenly appeared after a 50-year absence. channel 44, cable 12, starting at 8:30 a.m. >> what are we supposed to do? we're supposed to swim upstream. we forgot about that. >> well, right now, no water to speak of in our skies. >> and probably a well-deserved break. as we have a look outside, it's going to be sunny and breezy. northwesterlies kick up, a dry direction, kind of chapped lips weather. feferlts, plenty of sunshine. temperatures are going to be in the mid-60s on average in the bay area, going to be nice. next chance of rain
let's take a look at this morning's top stories. >> more back and forth on how to avert that fiscal cliff. we are just 22 days before the deadline. president obama says he is willing to cut some entitlements and speaker john boehner is not ruling out a tax hike for top earners. >>> and muni is contemplating changing their fare to be based on a person's income. the bay area lead transit body is conducting a study on the issue due to riders' mixed feelings. >>> and...